More Layoffs Expected
At AOL Time Warner

NEW YORK -- Employees at America Online are bracing for an expected announcement of layoffs Monday in the wake of AOL's merger with Time Warner earlier this month.

The new company, AOL Time Warner Inc., which employs 85,000 people, laid off 400 workers at CNN last week. The company is also expected to offer early-retirement payouts to some employees, said one person familiar with the situation. The details of the next round of...